56. The table shows the demand and supply schedules for jeans. At $60 a pair, there is a shortage of jeans and the price will fal. O At $60 a pair, there is a surplus of jeans and the price will rise. At $40 a pair, there is a shortage of jeans and the price will fall. At $40 a pair, there is a shortage of jeans and the price will rise. Quantity demanded Quantity supplied (pairs per week) Price (dollars (pairs per week) 130 120 per pair) 30 70 40 80 50 110 90 60 100 100 70 90 110 120 130 80 80 90 70